Ethereum (ETH) Price: Whales Accumulate 700K ETH as Bullish Indicator Flashes
CoinCentral·60-word summary·1 min read
Ethereum whales accumulated approximately 700,000 ETH between Thursday and Monday, signaling bullish sentiment. ETH ETFs experienced eight consecutive days of net inflows totaling nearly $494 million. Additionally, Bitmine bought 101,627 ETH last week, their largest weekly purchase of 2026. The SuperTrend indicator turned bullish for the first time since early 2025, indicating a potential market uptrend.
Traders are betting against a record high in crude oil prices and a dip in Bitcoin amid ongoing geopolitical tensions. This skepticism indicates confidence in market stability and possible economic policy adjustments. The market movements reflect traders' cautious outlook as geopolitical factors continue to influence commodity and cryptocurrency prices. The article was published on Crypto Briefing.
On April 23, U.S.-listed spot Ethereum ETFs experienced $75.94 million in outflows, ending a 10-day streak of inflows. Despite this reversal, the total net inflows for the segment remain at $12.08 billion, indicating sustained investor interest. The outflows suggest a short-term shift in sentiment, but overall participation in Ethereum ETFs remains strong.
The CFTC and SDNY charged Gannon Ken Van Dyke on April 23, 2026, with insider trading involving Polymarket event contracts related to Maduro. Van Dyke allegedly made over $404,000 from illegal trades. This marks the CFTC’s first insider trading case involving event contracts, highlighting increased regulatory scrutiny in the Web3 space.
U.S. spot Bitcoin ETFs saw $223.21 million in net inflows on April 23, marking the eighth consecutive day of positive flows. Despite a slight decrease from the previous day's $335.82 million, the streak highlights ongoing institutional demand for Bitcoin ETFs. The inflows have persisted since April 14, reflecting steady capital movement into crypto investment products.
Institutional investors have poured $2 billion into Bitcoin ETFs over just eight days, indicating strong interest despite skepticism in prediction markets. This rapid inflow highlights growing institutional confidence in Bitcoin investment products, potentially signaling future market shifts. The trend underscores the increasing mainstream acceptance of crypto ETFs as a viable asset class.
Hana Financial Group has secured a six-institution consortium to lead Korea’s stablecoin race, including BNK Financial, iM Financial, Standard Chartered First Bank Korea, OK Savings Bank, and JB Financial Group. This move aims to establish dominance amid regulatory limits, with Hana Financial positioning itself early in the emerging bank-backed stablecoin market in South Korea.
